JPMorgan to pay about $271 million to settle Asia hiring probes

JPMorgan Chase and Co is expected to pay to settle criminal and civil probes over its Asian hiring practices. -Reuters

1MDB saga: What we know so far

The long-running saga involving Malaysia's state fund saw two major moves by authorities in the United States and Singapore in the past two days. -AsiaOne

Apple's China revenues could fall 20 per cent: Baidu report

Apple's revenues in China could be down 20 per cent in China in its quarterly earnings report, according to research by Baidu, the so-called "Chinese Google." - CNBC

Najib allegedly linked to 1MDB thefts; Swiss seize Van Gogh, Monet paintings

Although US prosecutors say billions of dollars were stolen from a state investment fund that Malaysian PM Najib founded and oversaw, his government was unmoved by the allegations. -Reuters

Remember the Brexit recession? Yeah, well, never mind

Brexit apparently wasn't what it was cracked up to be. - CNBC

Singapore punters not in a mood to party

THE mood on the local market grew subdued yesterday unlike other leading Asian bourses which notched up further gains, as investors awaited the outcome of a European Central Bank meeting. -MyPaper

4 reasons banks reject credit card applications

According to statistics from the Monetary Authority of Singapore, there are 8,001,210 main credit cards and 1,476,024 supplementary cards circulating in Singapore at the end of February 2016. - GET.com

Singapore SMRT shares up as investors seen accepting Temasek buyout offer

Shares of SMRT Corp Ltd jumped as much as 8 percent, a day after Singapore state investor Temasek agreed to buy out the rest of the rail operator. -Reuters

Singapore 1MDB probe: Anti-money laundering lapses found in DBS, Standard Chartered, UBS

Assets worth a total of $240 million have also been seized by authorities. -AsiaOne

Birkenstock quits Amazon in US after counterfeit surge

Birkenstock is walking away from Amazon.com. -CNBC

Top-down corporate culture continues to take toll on S Korea's workers

According to a survey on 889 Koreans released by the job portal Incruit in April, 71 per cent of respondents said that they had experienced a militaristic culture at school and work, with 21 per cent of them describing it as "rampant." -Korea Herald/ANN

Wall Street trader quit because $4.87 million bonus wasn't enough

Polk has been able to redefine success for himself - something a bank account never could do for him. -CNBC

How Samsung is restructuring to pass control to heir

Top conglomerate restructures to pass on control to heir. - The Korea Herald/ ANN

MAS probes case of UOB's unshredded client data

Action will be taken against banks which fail to safeguard confidentiality of customer information; Personal Data Protection Commission says it is aware of case. -BT

4 signs you are a snob when it comes to money

And even if you're somewhat rich, I don't see any legitimate reason why you should be (or pretend to be) snobby. -GET.com
 

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Personal Finance

4 reasons banks reject credit card applications

According to statistics from the Monetary Authority of Singapore, there are 8,001,210 main credit cards and 1,476,024 supplementary cards circulating in Singapore at the end of February 2016. - GET.com